MGT magnetite mines limited.

Understanding the demand for Green Steel, page-136

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    A Roadmap For Catalyzing Green Steel Manufacturing In India By 2030 - Inventiva

    https://hotcopper.com.au/data/attachments/4690/4690807-6639bd50f4b102e65e987d3657daa4e1.jpg

    "India has established an ambitious and doable plan for getting to net zero by 2070, with goals including decreasing the economy’s carbon intensity to around 45% and reducing overall estimated carbon emissions by 1 million tons through 2030.

    The steel industry is a major participant in the National Hydrogen Mission, and two pilot plants are being built as part of a public-private partnership model to investigate the use of green hydrogen in the production of direct reduced iron (DRI). These pilot plants will also implement cutting-edge clean technologies, build carbon sinks, and improve the quality of raw materials.In a recent report, NITI Aayog also predicted that by 2030, India will have a capacity of 15-20 million tonnes and serve as the world’s production centre for green steel, paving the path for the worldwide adoption of green steel.

    Examining the technology that is now available for producing green steel in more detail would be fascinating. Normally, either an integrated blast furnace/basic oxygen furnace (BF/BOF) or an electric arc furnace (EAF) using coal as a reductant is used to make steel. With the aid of cutting-edge technologies, green hydrogen has created new opportunities for switching to environmentally friendly steel manufacture.DRI or sponge iron, which is less capital demanding and provides a different method of producing steel than BF/BOF or scrap EAF, has been expanding significantly. To satisfy energy efficiency investments, it also serves as a barrier. The use of natural gas as a reductant, on the other hand, is expanding in several areas that profit from the plentiful availability of natural gas. As a result, there is less demand for coking coal, which also decreases related emissions like carbon dioxide and sulphur oxides. According to recent research, natural gas-based DRI has a 33 to 41% smaller greenhouse gas footprint than coal-based DRI."

    Hydrogen or natural gas DRI = High grade ore required. Either way they will need high grade ore

 
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